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Slower US growth means no rate rise for 2019, says Fed

Slower US growth means no rate rise for 2019, says Fed
Business
It said: "Recent indicators point to slower growth of household spending and business fixed investment in the first quarter."

The Nasdaq turned positive, up 0.35% at 7,750.7 points, while the Dow Jones Industrial Average and the S&P 500 trimmed earlier falls.

- where members of the Fed s Federal Open Market Committee indicate where they expect interest rates to move to - also revealed that they anticipate only one increase in 2020.

The Fed also said that is will slow the monthly reduction of US Treasury bonds it holds from $30bn to $15bn from May onwards ending in September.
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